86R6825 JG-D
By: Watson S.B. No. 542
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of housing tax credits to developments
within proximate geographical areas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2306.6711(f), Government Code, is
amended to read as follows:
(f) The board may allocate housing tax credits to more than
one development in a single community, as defined by department
rule, in the same calendar year [only] if the developments are or
will be located more than two linear miles apart or the applicant
obtains prior approval of the development from the governing body
of the municipality containing the development or, if located
outside a municipality, the county containing the development.
This subsection does not prohibit the department from adopting
rules under this chapter for specific geographic areas of this
state [applies only to communities contained within counties with
populations exceeding one million].
SECTION 2. The changes in law made by this Act apply only to
an application for low income housing tax credits that is submitted
to the Texas Department of Housing and Community Affairs during an
application cycle that is based on the 2020 qualified allocation
plan or a subsequent plan adopted by the governing board of the
department. An application that is submitted during an application
cycle that is based on an earlier qualified allocation plan is
governed by the law in effect on the date the application cycle
began, and the former law is continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2019.